Make Control Decisions, involves two major dimensions. The first is the selection of the risk controls to actually use from among those developed in the third step of operational risk management. The second is the decision whether or not to accept the residual risk present in a project after applying all practical risk controls. This study investigated 3 basic risk control decision tools which include Intuitive Method, Cost Benefit Assessment and Decision Matrix. The objective of this aspect of decision making is to select the best possible combination of risk controls from among the options provided by the application of the risk control options so as to support the decision making in a logical manner and to be a sequenced part of the risk management process.